Hi All. Just joined the forum to re-acquaint myself with the property scene.

My wife and I have recently been to see PT, and this was the impetus to do more research into them.

The NRAS scheme was widely promoted on the initial sales call for the public meeting and NRAS was pretty much the entire focus of the meeting in Sunshine (Vic).

NRAS was spoken of quite a lot at the initial home one-on-one meeting, the scope, implication of the scheme, financials etc etc.

We paid the $110 to have the personal assessment and I am thinking now that the investment was in 2 quite nice coffees at $55 each from their coffee machine.

The guy we saw was nice and appeared to be knowledgable, but it would appear that the term 'bait and switch' could be used in this context as the NRAS properties were given a thorough negative analysis in comparison to a shiny new city apartment building. The term 'guaranteed return for 2 years' was also used as per other posts.

We took full financials along to the meeting, as asked, but they were never requested for validation. Maybe we are a bad risk as I am self employed?

I remember someone, possibly Steve, many years ago commenting that land value was a good thing and have thought through this and tend to agree.

I don’t think we will be proceeding any further with this and I think I will even try to get the price of the coffees back, given the initial spiel was exactly that, and doesn't appear to represent what they are really selling when it comes down to it.

So, my thoughts are what most others are advocating "do your own research".

Cheers,

Fred